Saturday, June 04, 2005

[manchester-united] Digest Number 368

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Oh!No. Manchester United is a great team, the best player such as Wayne Rooney, Christiano Ronaldo, Van Nistelrooy,Ryan Giggs and Gabriel Henze and some of the best coach in the world. They will bounceback to be the greatest team in the world and will win all the games that will be play in the new season.

Stuart Sharp <stusharp@btinternet.com> wrote:Malcolm Glazer has formally launched a £790.3m takeover bid for Manchester United (LSE: MNU.L - news) after winning the support of its biggest investors.His Red Football bid vehicle said he will pay 300p a share to acquire the 28.7% stake held by Irish racing tycoons JP McManus and John Magnier.The deal means the US sports tycoon has control of the club with a 56.9% stake.Mr Glazer needs more than 75% of shares for his offer to go forward unconditionally. Under UK business takeover rules he must now make a formal bid for the rest of United.The Old Trafford club's share price rose 13% after the latest news was announced. It comes as the team prepares to face Arsenal in the FA Cup Final in Cardiff on May 21. Manchester United issued a statement saying it was waiting for formal terms of the offer from Mr Glazer to be published. It said: "A further announcement will be made once the board has reviewed that announcement." The United board had earlier rejected Mr Glazer's takeover proposals, saying it felt they were "aggressive". As a result, the Takeover Panel set a deadline of next Tuesday for him to make a firm bid. Members of the board did agree that some shareholders might think the offer was a good one."The board recognises, however, that the price of 300p per share is a fair one and may be attractive to some," it said. Opponents of the deal - in particular the club's supporters - believe it will create too much debt. They say that the club is currently debt-free and should be kept that way - Mr Glazer's proposal is believed to involve around £300m in bank loans. The tycoon owns the Tampa Bay Buccaneers gridiron franchise and is thought to be keen on marketing the Manchester United brand more aggressively in the US. Richard Hunter, of Hargreaves Lansdown stockbrokers, said: "I think it's pretty much game over now. "The key to all this was always going to surround what the Irish duo would do with their stake."

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